962 W Weddell Drive, Sunnyvale, CA 94089

$4,775,000
8,300
SqFt

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List Price
$4,775,000
Status
ACTIVE
MLS#
ML82033703
Price Change
▼ $225,000 1773215620
Year Built
1961
Property Type
Other
Living Area
8,300
Lot Size
31,995
Acres
0.73
County
Santa Clara
Subdivision
Ca

Property Description

The Zurich Group of Marcus & Millichap is pleased to present Ponderosa Apartments at 960962 W. Weddell Drive, a 20-unit apartment community located on the highly desirable Sunnyvale/Mountain View border. The property consists of two 10-unit buildings centered around a pool courtyard and offers strong in-place cash flow with future rental upside. The unit mix includes nineteen studio units and one one-bedroom unit occupied by the onsite manager, along with onsite laundry facilities and approximately 27 uncovered parking spaces. Ideally positioned near Highway 101 and State Route 237, the property provides excellent commuter access throughout Silicon Valley and is surrounded by major technology employers including Google, Apple, Amazon, LinkedIn, Microsoft, and the Moffett Park employment corridor. Residents also benefit from close proximity to Downtown Sunnyvale and Downtown Mountain View, offering a wide range of dining, retail, and entertainment options. Located in one of Silicon Valleys most desirable and supply-constrained rental submarkets, Ponderosa Apartments represents a compelling opportunity to acquire a well-located multifamily asset with stable cash flow and long-term rental growth potential. MARKETING PACKAGE AVAILABLE UPON REQUEST.

Additional Information

Parking Features
Assigned

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Listing courtesy of Mitchell Zurich from Marcus & Millichap. 408-888-9594

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